Feb
16
Freddie Mac to Pay U.S. $4.5 Billion After Reporting Profit
By-
Mortgage company posts fourth quarter income of $4.8 billion
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Freddie capital buffer to hit zero in 2018 under bailout terms
Freddie Mac will send $4.5 billion to the U.S. Treasury in March as the mortgage-finance giant continues to prepare for the possibility of having zero capital by next year.
The company earned $4.8 billion in the fourth quarter, compared with $2.2 billion in the same period a year earlier, according to a regulatory filing posted Thursday. Net interest income, which includes the fees Freddie charges to guarantee mortgages, was $3.9 billion compared with $3.6 billion, the company said…
Freddie Mac to Pay U.S. $4.5 Billion After Reporting Profit
